MD FinTech deals weekly: October 13-19

At MD Finance, we’re here to keep you informed and inspired by the latest trends shaping the global fintech landscape. Each week, we bring you key insights on major deals and funding rounds, making it easier for you to stay up to date with the industry’s most important developments.

Here are the major updates for the last week:

NORTH AMERICA

• Bitfarms, a blockchain infrastructure company that offers cryptocurrency coins and tokens and operates server farms to validate transactions, raised $500M in a Post-IPO Debt.

• Oportun, a digital banking platform that offers personal loans and financial services to people with limited credit history, raised $247M in a Post-IPO Debt led by Citizens Bank,  with participation of Community Investment Management.

• Upgrade, a fintech company that offers mobile banking, credit, and payment products to mainstream consumers, raised $165M in a Series G round led by Neuberger Berman, with participation of DST Global, LuminArx Capital Management LP, and Ribbit Capital.

• Campfire, a company that offers AI-native enterprise resource planning software for mid-sized and enterprise companies, raised $65M in a Series B round led by Accel and Ribbit Capital, with participation of Brad Floering, Foundation Capital, Karim Atiyeh, Naeem Ishaq, QuantumLight, Scott Buxton, Steve Sidhu, and Y Combinator.

• Jito, which offers liquid staking on Solana, letting users earn staking and MEV rewards through the JitoSOL token, raised $50M in a Funding Round led by a16z crypto.

• Nova Credit, a credit infrastructure and analytics company that enables businesses to grow responsibly through alternative credit data, raised $35M in a Series D round led by Socium Ventures, with participation of Canapi Ventures, Gaingels, General Catalyst, Harmonic Growth Partners, Index Ventures, Kleiner Perkins, National Bank of Canada, NAventures, Radiate Capital, and Y Combinator.

• Basis Theory, a company that provides a programmable vault and API platform for tokenizing, routing, and securing sensitive data throughout its lifecycle, raised $33M in a Series B round led by Costanoa Ventures, with participation of Bessemer Venture Partners, BoxGroup, Kindred Ventures, Moneta VC, Offline Ventures, and Stage 2 Capital.

• Aboon, a company offering the fastest way to launch retirement plans powered by AI and backed by real humans, raised $17.5M in a Seed round led by Altai Ventures, with participation of Bain Capital Ventures, Edward Jones, EJF Capital, and Runyon Design.

• GreenLyne, a company offering AI-optimized financial services focused on Regtech, risk management, and inclusive housing finance, raised $8.07M in a Venture round.

• Corbel, a fintech platform that offers financing and CPQ tools for equipment sales, raised $6.7M in a Seed round led by Ibex Investors, with participation of Joule Ventures, Restive, and Selah Ventures.

• Calculum, a data-as-a-service company that uses analytics and AI systems to optimize financial supply chains, raised $1.42M in a Seed round.

• Atomic, a platform that provides embedded investing and savings products for financial institutions and fintechs, raised an undisclosed amount in a Venture round led by Erie Strategic Ventures.

EUROPE

• Clove, a company building the financial institution of the future, raised $14M in a Pre-Seed round led by Accel, with participation of Air Street Capital, Barney Hussey, Erez Mathan, Gideon Valkin, Inovia Capital, Kindred Capital, and Patrick Pichette.

• Creditstar Group, a digital consumer finance company, raised $10M in a Debt Financing led by Kilde.

• Bees & Bears, a green fintech company that specializes in financing renewable energy solutions, raised $5M in a Seed round led by Contrarian Ventures, with participation of Extantia Capital.

• Portfoy Financial Tech Inc., a financial technology company that provides a platform for tracking and managing investments, raised $200K in a Seed round led by Inveo Ventures.

• CoinDCX, a cryptocurrency exchange aggregator, raised an undisclosed amount in a Corporate Round led by Coinbase.

LATAM

• Plata, a financial technology platform that provides a credit card and a customized rewards program through its buy-now-pay-later service, raised $250M in a Series B round led by Kora, with participation of Moore Strategic Ventures and TelevisaUnivision.

APAC

• Rakuten, a provider of e-commerce, fintech, digital content, and communications products and services, raised $546M in a Post-IPO Debt.

• dezerv., a company that offers an integrated portfolio approach to investment, providing higher returns with lower risk, raised $39.4M in a Series C round led by Accel and Premji Invest, with participation of Elevation Capital and Z47.

• Inaam, a fintech application that offers impact investment, reinvestment strategies, fintech solutions, and financial inclusion services, raised $324K in a Pre-Seed round led by Hatcher+ and Startupbootcamp Australia.

• CoinDCX, a cryptocurrency exchange aggregator, raised an undisclosed amount in a Corporate Round led by Coinbase.

MENA

• Mubadala, a sovereign investor managing a global portfolio aimed at generating sustainable financial returns for its shareholder, raised $272M in a Debt Financing.

• Chari, a B2B e-commerce platform that provides entrepreneurs with a steady supply of consumer products and financial services, raised $12M in a Series A round led by Orange Ventures and SPE Capital, with participation of Afri Mobility, AXIAN, Dragon Capital, Endeavor Catalyst, Global Founders Capital, H&S Invest Holding, Harambeans, Karim Beguir, Khwarizmi Ventures, Michael Lahyani, MyAsia VC, P1 Ventures, Pincus Capital Management, Plug & Play, Reflect Ventures, UM6P Ventures, UNCOVERED FUND, and Verod-Kepple Africa Ventures.

• Kuunda, a company that provides liquidity management and data insight tools enabling users to fulfill financial needs through a digital platform, raised $7.5M in a Seed round led by 4Di Capital, with participation of Accion Ventures, E4EAfrica, Nedbank, Portugal Gateway Fund, and Seedstars Africa Ventures.

• Mobility Fintech Group, a company building a unified digital auto finance ecosystem that addresses major inefficiencies in the UAE auto market, raised $2M in a Corporate Round.

Each deal in this roundup reflects more than market movement. It shows how capital is strategically aligning with emerging technologies, scalable models, and untapped geographies.

At MD Finance, we continue to monitor these signals each week to identify where value is being created and where the next opportunity lies.